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#AEW2023 Farmout Forum Connects Investors to African Blocks

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3 years ago

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African Energy Week

Financial services company Moyes & Co, global acquisition and divestment advisor Envoi, and oil and gas deal listing platform FarmoutAngel hosted the African Farmout Forum at this year’s African Energy Week conference

CAPE TOWN, South Africa, October 18, 2023/APO Group/ — 

The African Energy Week (AEW) 2023 conference and exhibition – organized by the African Energy Chamber (http://www.EnergyChamber.org) – is centered on facilitating investment across the entire African energy value chain. This year’s conference featured the inaugural African Farmout Forum, a dedicated investment platform spearheaded by financial services company Moyes & Co; global acquisition and divestment advisor Envoi; and oil and gas deal listing platform FarmoutAngel.

The Farmout Forum served as a premier platform to sign deals while gaining first-hand insight into emerging E&P opportunities in Africa. Mike Lakin, Managing Director of Envoi, kicked off the forum by stating, “We will have a major problem in the world if we are not drilling.” Presentations were delivered on various exploration opportunities.

PetroQuest: Somalia

PetroQuest is offering an investment opportunity for three blocks – PSA Blocks 131, 190 and 206 – offshore Somalia. Somalia has only had two deepwater wells drilled to date. PetroQuest has 15,000 km² of seismic data; a new Production Sharing Agreement has been set up and the company is now looking for suitable partners.

Tower Resources: Cameroon

Representing a short-cycle opportunity, Tower Resources presented on the Thali Block located in the Rio del Rey Basin in Cameroon. The appraisal well will be drilled next year which aims to unlock the opportunity to drill a further three wells. Tower Resources is targeting first production at 2025.

Tower Resources: Namibia

In Namibia, Tower Resources offers an opportunity for Blocks in the Northern Walvis and Dolphin Graben Basin. Wells have been drilled at the basin, but previous activities were conducted between 25 and 30 years ago. While the company is not ready to farmout yet, Tower Resources is looking at engaging with prospective companies.

ProdOil: Benin

Angolan company ProdOil is exploring onshore Angola in the Lower Congo Block. Awarded to ProdOil in a bid round closed in 2022, work is underway to reprocess 2D seismic data and the company is looking for someone to take on the work commitment.

Atlas Oranto Petroleum International: Senegal

Atlas Oranto holds two licenses in Senegal, Cayar Shallow and St. Louis Shallow, adjacent to one another. The company is seeking to farm-down interest in those two licenses and believes that it is a highly attractive opportunity. The licenses have been extended to 2026.

Atlas Oranto Petroleum International: Equatorial Guinea

Atlas Oranto is also offering an opportunity in Block P; Block EG-02; and Block EG-H in Equatorial Guinea. The Ministry of Mines and Hydrocarbons has already approved the development plan and they believe to have between 17 and 38 million barrels of oil in place. Licenses have been extended to 2026.

Atlas Oranto Petroleum International: Namibia

In Namibia, Atlas Oranto Petroleum has an exciting opportunity in PEL 106: Blocks 2011B and 2111A. Located in the Walvis Basin, the blocks have been extended with a nine-year exploration timeline. The company is selectively looking for partners to farm-down and farm-in.

DAJO Group: Nigeria

DAJO Group is offering a 40% working interst in OPL 322, offshore Nigeria. The Block has two fields within it, the Bobo and Ago Structure.

With the opportunities on the table, the African Farmout Forum provided attendees the chance to join exciting new plays, thereby opening up new basins across the continent

Sierra Leone License 202a

Awarded under the country’s fourth licensing round to Innoson Oil and Gas Ltd, the prospect comprises nine ‘whole’ blocks comprising 8,035km². There is 2D seismic survey available with wildcats having been drilled following data acquisition. There is additional a CPR report available for any company interested in the farm-in opportunity.

Kariya Energy: Nigeria

Kariya Energy is offering an opportunity offshore Nigeria in OML 109. Currently, there are two near-term prospects which have the same geology as neighboring Ejulebe field. There is a CPR on the block which was completed in 2022. The central processing facility has been revamped and the license has been extended to 2037.

Tetracore Group: Nigeria

In Nigeria’s OML 53, Tetracore Group is looking for $50 million investment for Phase 1 of the field development to redevelop the marginal field. They have an early production plan and a lot of historic work.

Coastline Exploration: Somalia

Coastline Exploration holds interests in Blocks 129-130, 141, 143, 191, 192, 205 and 221 and has 2D seismic data on the area. The company is looking for a partner to part-fund a 3D seismic survey over some of the most prospective blocks.

ReconAfrica: Namibia

Onshore Namibia, ReconAfrica has over six million acres while in Botswana, over two million acres. The company has shot 27,000km of 2D seismic and they have 20 prospects and leads identified so far. They are approved to drill 12 prospects in the area and are going through a basin modelling.

CoMiCo: DRC

CoMiCo has an investment opportunity in the frontier Cuvette Centrale Block in the Democratic Republic of the Congo.

Africa Fortesa Corp: Senegal

Africa Fortesa Corp is seeking partners for Sadiaratou and Diender Permits in Senegal. The company is looking for capital to hook-up upcoming wells to markets. They have a right to deliver oil and gas directly to customers, making it an ideal investment opportunity.

Biogas Unite: Africa

Biogas Unite is developing a biogas project in Africa. The project comprises gas that is not immediately flammable and can easily be transported, therefore ideal for domestic use. The company is looking for $750,000 investment to upscale what they have and expand across Africa.

Further opportunities were provided in blocks in Guyana and Australia, with presenting companies including Eco Atlantic, Petro Australis Energy and Liberty.

In addition to company presentations, insight was provided into the DRC’s ongoing licensing round. Blocks are on offer in the Cuvette Centrale Basin; Albertine Graben Basin; and Lake Tanganyika Basin, with deadlines for submissions of interest January 2024; October to December 2023; and September to October 2023, respectively.

With the opportunities on the table, the African Farmout Forum provided attendees the chance to join exciting new plays, thereby opening up new basins across the continent.

#AEW2023 takes place this week in Cape Town under a mandate to make energy poverty history by 2030. Keep following www.AECWeek.com for more exciting information and updates about Africa’s premier energy event.

Distributed by APO Group on behalf of African Energy Chamber.

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The 27th China International Education Annual Conference held a cloud dialogue, where Yin Yuzhen and Saikaos discussed the exchange of folk ecological education

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1 hour ago

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November 11, 2026

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China

BEIJING, CHINA – Media OutReach Newswire – 11 November 2026 – The 27th China Annual Conference & Expo for International Education (CACIE) hosted a “CACIE Talk” session in Beijing on October 30, where Yin Yuzhen, a Chinese anti-desertification pioneer, Bai Fan, head of the Luoyang No. 2 Foreign Language School Education Group, and their American friend Sakolsky, whose full name is Ronald Sakolsky, reconnected via video link. The brief conversation added a new footnote to a cross-border green story now spanning 26 years.
 




 
In the video link, Sakolsky said he had launched preparations on October 1 to establish the Sakolsky Foundation. He plans to work with the China Education Association for International Exchange to build a platform for exchanges between Chinese and American teachers and students, using people-to-people exchanges to bridge cultural divides. Communication and understanding, he said, are important bridges to a peaceful future for young people in the global village we all share. Bai Fan also noted that face-to-face cross-border educational exchanges can help young people learn tolerance and respect, and see a real, multi-dimensional China. Yin Yuzhen responded with a simple observation that resonated with the audience: planting trees and nurturing people both come down to perseverance.

The friendship had its origins in the Maowusu Sandy Land. In 1999, Sakolsky, then teaching in Luoyang, was moved by Yin Yuzhen’s story of taking root in the desert to control desertification, and raised $5,000 himself to support her afforestation efforts. Yin invested the entire sum in the sandy land, planted some 50,000 saplings, erected a stone marker bearing her friend’s name, and kept one dollar as a memento.

The two then lost touch for more than two decades. Yin kept up her sand-control work day after day while thinking of her friend far away. In May 2026, she posted a video appeal to find him and located Sakolsky within 26 hours. In August that year, the two met in person in Ordos and walked together into the forest that now stands there.

For more than four decades, Yin Yuzhen and her husband have remained committed to the Maowusu, bringing a total of 70,000 mu (about 4,667 hectares) of barren sand under control. The shifting dunes that once rolled with yellow dust have gradually become woodland and pasture. Today, 85 percent of the Maowusu Sandy Land in Uxin Banner has been treated, and the transformation of this sandy expanse is regarded as a model case in reversing land degradation worldwide. Over the years, the area has continued to attract volunteers from many countries to take part in desertification control, and people-to-people cooperation on environmental protection has continued to grow.

The goodwill that began with sand control has long gone beyond a single stretch of sandy land. On October 15 this year, Yin Yuzhen was named one of the inaugural “100 Women Heroes in Agrifood Systems and Rural Development” at the headquarters of the Food and Agriculture Organization of the United Nations (FAO) in Rome. There she joined Sakolsky and FAO Director-General Qu Dongyu in planting a crape myrtle as a symbol of friendship, sharing China’s experience in desertification control on the international stage. Windblown sand respects no borders, and a shared commitment to ecological conservation has carried the story of two ordinary people out of the desert and onto the international multilateral platform.

The thread of people-to-people friendship clearly runs from the saplings in the Maowusu to the crape myrtle as a mark of friendship in Rome, and now to the conversation in Beijing about exchanges among young people. Sakolsky’s plan to establish the foundation is meant to carry forward the goodwill that began in the desert: starting from an ecological commitment, using educational exchange as a bond, and helping more young people build connections and pass on the power of goodness and beauty.
 




 

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Islamic Development Bank (IsDB) Group–World Association of Investment Promotion Agencies (WAIPA) Investment Excellence Awards 2026 Announce Winners

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2 hours ago

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November 11, 2026

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Islamic Development Bank

Beyond recognizing excellence, the Awards foster peer learning and the exchange of best practices among IsDB Member Countries, helping transform investment opportunities into sustainable, impactful, and investment-ready projects

GENEVA, Switzerland, November 11, 2026/APO Group/ –The IsDB Group–WAIPA Investment Excellence Awards 2026 (https://www.IsDB.org) concluded today during the 30th World Investment Conference (WIC 2026) in Geneva, Switzerland, recognizing outstanding Investment Promotion Agencies (IPAs) for their contributions to sustainable investment, investment facilitation, and economic development across IsDB Member Countries.

 




  

The General Authority for Investment and Free Zones (GAFI), Egypt, received the IsDB Group- WAIPA Investment Excellence Awards 2026 for Outstanding Sustainable Investment Project for the Kom Ombo Solar PV Power Project, a landmark initiative that has delivered measurable economic, social, and environmental impact while advancing the Sustainable Development Goals (SDGs).

Invest Oman received the IsDB Group-WAIPA Investment Excellence Awards 2026 for Investment-Ready Projects, Partnerships & Facilitation Excellence in recognition of its success in developing investment-ready opportunities through effective partnerships, stakeholder coordination, and investor facilitation.

The National Investment Promotion Agency of Comoros received a Special Recognition Award for Least Developed Countries (LDCs). The agency was recognized for supporting investors at every stage, from preparing projects to aftercare.

The Awards are a joint initiative of the Islamic Development Bank (IsDB) Group and World Association of Investment Promotion Agencies (WAIPA), established to recognize Investment Promotion Agencies (IPAs) from IsDB Member Countries that are driving sustainable development, private sector growth, economic diversification, and long-term prosperity through investment.

A total of 15 applications were submitted for the 2026 edition. Following an eligibility screening process, all eligible submissions were reviewed and assessed by an independent international jury, which selected the winners based on the published evaluation criteria.

The awards were presented by Mr. Ismail Ersahin, Chief Executive Officer of WAIPA; Mr. Sahal Almarwai, Division Manager of Outreach & Events Management at the IsDB Group Business Forum (THIQAH); and Mr. Kadir Basboga, Associate Manager, Regional Integration, Cooperation & Capacity Development at IsDB. The ceremony brought together IPAs leaders, senior government officials, investors, and private sector representatives attending the World Investment Conference (WIC) 2026.

Launched during the IsDB Group Annual Meetings 2026 in Baku, Azerbaijan, the Awards reflect the evolving role of IPAs in supporting investors throughout the investment lifecycle, strengthening investment ecosystems, coordinating stakeholders, and developing bankable investment opportunities. Beyond recognizing excellence, the Awards foster peer learning and the exchange of best practices among IsDB Member Countries, helping transform investment opportunities into sustainable, impactful, and investment-ready projects.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

 




 

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Lord Nicholas Stern to headline Africa’s Green Economy Summit as continent looks towards 32nd Conference of the Parties (COP32)

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2 hours ago

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November 11, 2026

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COP32

AGES 2027 brings global and African leaders together in Cape Town to focus on financing and delivering Africa’s sustainable future

CAPE TOWN, South Africa, November 11, 2026/APO Group/ –Professor Lord Nicholas Stern, one of the world’s leading authorities on the economics of climate change, will deliver a keynote address at Africa’s Green Economy Summit (https://apo-opa.co/4iRv4j7) (AGES), taking place from 23 to 26 February 2027 at the Century City Conference Centre in Cape Town. His participation comes as Africa looks towards COP32, which Ethiopia will host in 2027.

 




  

Professor Lord Nicholas Stern, IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, will address delegates during the opening keynote session: “Ready for the World: Financing and Delivering Africa’s Sustainable Future.”

A foundational figure in shaping the economic case for global climate action, Professor Lord Nicholas Stern led the landmark Stern Review on the Economics of Climate Change, which demonstrated the profound economic risks of inaction on climate change and made the case for investment in a transition to a low-carbon economy.

His participation comes as Africa enters an important period for climate action. With COP32 placing the global spotlight on the continent, the focus is increasingly shifting from ambition and commitments towards implementation: mobilising capital, building investable projects, strengthening resilience and ensuring the green transition supports economic growth, industrialisation and jobs.

“COP32 is an opportunity for Africa to change the narrative from a continent seeking climate finance to a continent offering some of the world’s most compelling green investment opportunities. AGES 2027 is about making that opportunity tangible by connecting capital with projects, policy with implementation, and ambition with delivery,” says Emmanuelle Nicholls, Group Director: Green Economy at VUKA Group.

That transition from ambition to delivery sits at the heart of the newly released AGES 2027 programme, with “Road to COP32: Africa’s Implementation Agenda” running as a cross-cutting theme throughout the summit. The opening programme also features a dedicated discussion on Africa’s adaptation and resilience agenda on the road to COP32.

New voices shaping Africa’s green economy

AGES 2027 is about making that opportunity tangible by connecting capital with projects, policy with implementation, and ambition with delivery

Professor Lord Nicholas Stern will be joined by a growing line-up of African and international leaders spanning green growth, climate finance, development finance, trade and investment.

Confirmed speakers include:

  • Mallé Fofana, Deputy Executive Director and Head of the Directorate for Green Growth Implementation at the Global Green Growth Institute
  • Satu Kahkonen, World Bank Division Director for South Africa, Botswana, Namibia, Lesotho and Eswatini
  • Haile Mekonnen, COP32 Climate Finance Representative for the Ethiopian Private Sector and member of UNECA’s COP32 Climate Finance Technical Team
  • Aakif Merchant, Director and Head of Africa at Convergence
  • Dave Chalila, Head of Africa and Middle East Investments at GuarantCo (PIDG)
  • Roslyn Ng’eno, Senior Investment Expert at the African Continental Free Trade Area Secretariat

 

The programme will examine some of the most immediate opportunities and challenges shaping Africa’s sustainable development, including energy access and green industrialisation, water security, sustainable agriculture, climate and nature finance, critical minerals, sustainable mobility, carbon finance, digital infrastructure and the mobilisation of institutional capital.

From climate ambition to capital

The COP32 conversation at AGES will be grounded in investment and delivery.

AGES 2027 is expected to bring together 700+ delegates, 150+ investors and 40 investment-ready projects representing a US$2 billion pipeline, creating a marketplace connecting African opportunities with the capital, partners and expertise required to take them forward.

New additions for 2027 include a Ministerial & Technical Leadership Roundtable, a closed-door DFI Roundtable and the Green Village, alongside investor roundtables, curated matchmaking and project pitches.

The City of Cape Town returns as host city for AGES 2027.

The full AGES 2027 programme is now available, together with the summit’s new infrastructure and SMME Dealbooks highlighting investment-ready African projects seeking capital and partnerships.

Distributed by APO Group on behalf of VUKA Group.

 




 

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